Baily & Gunderson

Various Blogs regarding Cincinnati Family Law, Estate Planning And Bankruptcy.

At Bailey & Gunderson, our attorneys help people going through some of life's most difficult challenges. We bring our experience, skill and creativity to every case, taking on all types of Family Law including Divorce, Bankruptcy, Probate and Estate Planning issues. Learning that most people ask the same questions - this blog is our way of providing some general legal information. Feel free to contact our Cincinnati Law Offices to discuss your specific situation.

CHANGES COMING SOON FOR THE EXEMPTION AMOUNTS IN CHAPTER 7 AND CHAPTER 13 BANKRUPTCY.

The exemption laws for Chapter 7 and Chapter 13 bankruptcy are being revised effective April 1, 2022 to increase the amounts that may be retained by bankruptcy filers. The exemption laws apply to the value or amount of the assets a bankruptcy filer may retain in a bankruptcy.

For example, the exemption amount that you may retain for an automobile is being increased to $4,450. If you own an automobile valued at $10,000 and the balance owed for the automobile loan is $5,550, there is a net equity value in the automobile in the sum of $4,450. Pursuant to the new exemption laws, the bankruptcy filer would be able to retain the entire net equity value ($4,450) from seizure by a bankruptcy trustee.

If you should have any questions regarding how the new exemption laws would apply to you for potential Chapter 7 or Chapter 13 bankruptcy, please call us. In most circumstances, you can meet with one of our attorneys for a free consultation regarding Chapter 7 or Chapter 13 bankruptcy.

The attorneys at Bailey & Gunderson, with offices in Norwood, Western Hills and Anderson Township, can explain your options to you. If you should have any questions, please call us at 513-631-0022.

Bankruptcy C

: B&G Law; 16 March 2022; 16 March 2022

UNDERSTANDING THE DIVORCE PROCESS.

One of the largest causes of anxiety when a divorce begins is not understanding the process. Even if your sibling or best friend has recently been through a divorce, you probably were not made aware of all of the legal procedures and emotional struggles that were part of their divorce action. To reduce the stress of not knowing what to expect, have a conversation with your attorney as he or she is the one who is guiding you through this process.

Do you have questions about divorce and the procedures and issues related to the termination of your marriage? We can help with just a phone call.

Bailey & Gunderson Co., L.P.A., Attorneys-at-Law, with offices in Norwood, Western Hills and Anderson Township. If you should have any questions, please give us a call at 513-631-0022.

Divorce Anxiety

: B&G Law; 02 March 2022; 02 March 2022

BANKRUPTCY HELP.

Are you having debt and financial trouble? We can help.

A Chapter 7 or Chapter 13 Bankruptcy may be the solution for your debt and financial problems. Please contact us for your free initial consultation with our bankruptcy attorneys.

Bailey & Gunderson Co., L.P.A., with offices in Norwood, Western Hills and Anderson Township. Phone: (513) 631-0022.

Bankruptcy I

: B&G Law; 17 February 2022; 17 February 2022

BLUNT WORDS OF ADVICE FOR DIVORCING PARENTS.

The following advice (see the picture accompanying this post) were given to divorcing parents before Minnesota Judge Michael Haas (now retired) in 1994.

All divorcing parents should take the time to read and consider the advice of Judge Haas. Judge Haas’ advice to the divorcing parents before him were so profound that he has been quoted in numerous publications and appellate decisions.

We should all be so wise as we determine the best interests of the children of divorcing parents.

Bailey & Gunderson Co., L.P.A., Attorneys-at-Law, with offices in Norwood, Western Hills and Anderson Township. Please give us a call at 513-631-0022 if you should have any questions.

Z 2

: B&G Law; 24 January 2022; 24 January 2022

DIVORCES CAN BE EXPENSIVE.

A trial to resolve your marital disputes can be very expensive, and few people end up happy when they are paying more in legal fees than they are receiving from the divorce. You are better off settling out of court especially if you do not have children or have not been married very long. In these cases, a dissolution of marriage may be the best option. Be amenable to mediation and settlement to resolve marital disputes.
However, after assessing the pros and cons of your case, and the economic impact of litigation, it may be necessary to resolve marital disputes by a trial before a court judge or magistrate. These cases typically involve children or parties with sufficient assets and/or income.
I know this sounds complicated. The attorneys at Bailey & Gunderson can help you decide which option (mediation, settlement or litigation) is best for you.

Not every case or issue has to be litigated, but when litigation is necessary, we can help you prepare and present your issues in a professional manner to the court.

The attorneys at Bailey & Gunderson, with offices in Norwood, Western Hills and Anderson Township, can explain your options to you. Please give us a call at 631-0022 if you should have any questions.

Divorce Costs